Demand-orientated provision of software applications (download)
A method to forecast customer behaviour. Using data for a specific person, other people with the same characteristics are bundled to form a group. This is then used to calculate the group’s payment practices and risk.
SCP, Supplier and Commission Payments
SCP is an automated solution for global payments to companies which receive payments via their credit card acceptance agreement. The virtual prepaid cards are available in 27 currencies. Bookings and settlements can be integrated automatically into the customer’s ERP system.
SEPA, Single Euro Payments Area
Refers to the euro payment area, which currently comprises 32 countries including the 27 EU member states as well as Iceland, Norway, Lichtenstein, Monaco and Switzerland. Wirecard Bank AG has been SEPA-enabled since it was introduced at the start of 2008.
Processing transactions and depositing the processed transaction with the merchant’s contractual bank (acquirer).
The currency in which settlement is performed in a bank account.
SP-TSM, Service Provider Trusted Service Manager
SP-TSMs ensure secure, smooth connections between the card issuer and an NFC smartphone. Services include adding virtual card data to NFC-enabled SIM cards, and also managing cards in the smartphone (blocking, deleting the card, etc.).
An 8 or 11 digit international bank sorting code issued by SWIFT (Society for Worldwide Interbank Financial Telecommunication) to identify a bank in international payment transactions. Wirecard Bank’s BIC (SWIFT) Code WIREDEMM means that international payments using foreign currency accounts in standardised forms are possible.